Hatteras Financial (HTS) is off just 0.2% following the big cut in its dividend, but the stock...

|About: Hatteras Financial Corp. (HTS)|By:, SA News Editor

Hatteras Financial (HTS) is off just 0.2% following the big cut in its dividend, but the stock fell 1.1% in the regular session as wary sellers sniffed out the bigger-than-expected reduction. The current price of $26.39 is 10.7% below Sept. 30's book value, but the math of shrunken net interest spreads says further cuts may be necessary.